Tucked along the coveted Newport Beach Peninsula, this rare R-2–zoned duplex offers the ultimate coastal lifestyle—just 12 houses from the sand and within walking distance to the shops and dining of Lido Village, the amenities of The Landing Shopping Center, and the vibrant activity of Balboa Harbor. With R-2 zoning that permits Short-Term Lodging (property is eligible to apply for a permit), the property is as compelling for investment as it is for personal enjoyment. The upper unit lives like a private retreat, offering a spacious full kitchen, in-unit laundry, and three bedrooms—each with its own en suite bath—ideal for long-term living or premium rental opportunities. The lower unit is equally inviting with three bedrooms, two baths, and an open living area that flows seamlessly through sliding doors to a private outdoor patio. A two-car garage with laundry completes the lower level, providing both convenience and functionality. With its prime location, versatile layout, and short-term lodging potential, this property is a rare find—blending the best of lifestyle and investment in the heart of Newport Beach.
Sold for $3,050,000
Listed by: Arbor Real Estate • Heather Kidder • Contact: 949-238-6000
Bought with: Alliance Investment RE Group
$3,050,000
126 31st St, Newport Beach, CA 92663
6beds
2,461sqft
Duplex
Built in 1972
2,178 Square Feet Lot
$3,085,600 Zestimate®
$1,239/sqft
$7,901 Estimated rent
Home value
$3,085,600
$2.84M - $3.36M
$7,901/mo
Zestimate® history
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Two-car garageIn-unit laundryPrivate outdoor patio
Zillow last checked:
Listing updated:
Listed by:
Heather Kidder DRE #01187466 949-238-6000,
Arbor Real Estate,
Sara Taylor DRE #01764056,
Arbor Real Estate
Bought with:
Ruben Khorsandi, DRE #01085411
Alliance Investment RE Group
Source: CRMLS,MLS#: NP25229658
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Family Room, Kitchen, Primary Bedroom
Bathroom
- Features: Separate Shower, Tub Shower
Kitchen
- Features: Kitchen/Family Room Combo, Stone Counters
Heating
- Central
Cooling
- None
Appliances
- Included: Gas Oven, Gas Range, Microwave, Refrigerator
- Laundry: Inside, In Garage, Upper Level
Features
- Breakfast Bar, Ceiling Fan(s), Open Floorplan, Stone Counters, Recessed Lighting
- Flooring: Stone
- Doors: Sliding Doors
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: End Unit,No Common Walls
Interior area
- Total interior livable area: 2,461 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: No Stairs
Features
- Levels: Two
- Stories: 2
- Entry location: 1/2
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Ocean, Peek-A-Boo
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 2,178 Square Feet
- Features: Corner Lot
Details
- Parcel number: 04708201
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Patio Home
- Property subtype: Duplex
Materials
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
- Security: Smoke Detector(s)
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,239/sqft
- Tax assessed value: $1,706,146
- Annual tax amount: $19,382
- Date on market: 10/2/2025
- Cumulative days on market: 5 days
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2025 | Sold | $3,050,000+15.1%$1,239/sqft |
Source:  CRMLS #NP25229658 Report a problem | ||
| 10/13/2025 | Pending sale | $2,650,000$1,077/sqft |
Source: CRMLS #NP25229658 Report a problem | ||
| 10/8/2025 | Contingent | $2,650,000$1,077/sqft |
Source: CRMLS #NP25229658 Report a problem | ||
| 10/2/2025 | Listed for sale | $2,650,000+140.9%$1,077/sqft |
Source: CRMLS #NP25229658 Report a problem | ||
| 12/27/2004 | Sold | $1,100,000$447/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,382 +1.6% | $1,706,146 +2% |
| 2024 | $19,082 +2.3% | $1,672,693 +2% |
| 2023 | $18,655 +1.7% | $1,639,896 +2% |
| 2022 | $18,341 +1.9% | $1,607,742 +2% |
| 2021 | $18,004 +0.9% | $1,576,218 +1% |
| 2020 | $17,836 | $1,560,056 +2% |
| 2019 | $17,836 +7.5% | $1,529,467 +2% |
| 2018 | $16,597 +3.9% | $1,499,478 +2% |
| 2017 | $15,980 | $1,470,077 +2% |
| 2016 | $15,980 +2.3% | $1,441,252 +1.5% |
| 2015 | $15,624 +3.4% | $1,419,604 +2% |
| 2014 | $15,109 | $1,391,796 +0.5% |
| 2013 | -- | $1,385,506 +2% |
| 2012 | -- | $1,358,340 +2% |
| 2011 | -- | $1,331,706 +0.8% |
| 2010 | -- | $1,321,754 -0.2% |
| 2009 | -- | $1,324,895 +2% |
| 2008 | -- | $1,298,917 -1.1% |
| 2007 | -- | $1,312,984 -5.8% |
| 2006 | -- | $1,394,119 -12.9% |
| 2005 | -- | $1,600,000 +234.1% |
| 2004 | -- | $478,874 +1.9% |
| 2003 | -- | $470,098 +2% |
| 2002 | -- | $460,881 +2% |
| 2001 | $4,715 +2.6% | $451,845 +2% |
| 2000 | $4,596 | $442,986 |
Find assessor info on the county website
Neighborhood: 92663
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 0.9 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 1 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$3,085,600
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Estimated market value
$3,085,600
- California
- Orange County
- Newport Beach
- 92663
- 126 31st St
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